2 publishers · first seen Tue, 10 Nov 2026 11:16 UTC · updated Thu, 12 Nov 2026 08:25 UTC
According to a report by Allianz Trade, the war between Iran and the United States has caused approximately $200 billion in damages in the Gulf countries, with economic losses potentially reaching $790 billion by 2030. Over 80 energy installations have been affected, primarily in Kuwait, Qatar, and Bahrain, with a third of them severely damaged. The report covers the six member countries of the Gulf Cooperation Council: Saudi Arabia, Oman, Qatar, Bahrain, United Arab Emirates, and Kuwait.
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